Telecom companies looking to boost free cash flow as sector improves: Fitch Ratings

Fitch Ratings has said the Indian telecom sector is improving on the back of rational competition and moderating capex, and that it expects telecom companies to now focus on profitability and 5G monetisation to boost free cash flow. The shift from hyper-competition and a rapid transition to 5G networks will aid in deleveraging, the agency added in a note on Friday. This could lead to merger and acquisitions in areas that complement carriers’ existing services.